Foundation Partners with VA to Fight Family HomelessnessFebruary 13, 2012
The Freddie Mac Foundation recently invested in a new public-private partnership with the Commonwealth of Virginia. The goal is to reduce homelessness by 15 percent for children and their families throughout Virginia over the next two years.
Bringing together the Foundation, Governor McDonnell, the Virginia Department of Housing and Community Development, and the nonprofit Virginia Coalition to End Homelessness, the initiative will help communities make affordable, permanent housing more readily available for homeless children and their families. Using the proven “rapid re-housing” model, the effort starts with a permanent home and then surrounds families with the necessary support to keep their home.
The Freddie Mac Foundation is funded by a charitable trust created in 2003 — so no corporate or taxpayer dollars are used. The Foundation recently announced it will wind down by the end of 2014, as directed by Freddie Mac’s conservator.